Question
In: Finance
2. Advanced Medical Technology is a new, rapidly growing firm that produces specialized medical instruments. They...
2. Advanced Medical Technology is a new, rapidly growing firm that produces specialized medical instruments. They sell to hospitals and other surgical units, and a substantial portion of their sales are to foreign governments. Typical payable terms in the industry are payment with 30 days.
They recently reported the following financial information:
Sales $225,000
Cost of sales 180,000
Inventory 33,000
Accounts receivable 72,000
Accounts payable 30,000
# of Days per year 365
Compute the additional working capital financing period for Advanced Medical.
Comment on their working capital financing period. What actions might Advanced take to improve their situation?
Solutions
jeff jeffy answered 2 months agoRelated Solutions
2. Advanced Medical Technology is a new, rapidly growing firm that produces specialized medical instruments. They...
2. Advanced Medical Technology is a new,
rapidly growing firm that produces specialized medical instruments.
They sell to hospitals and other surgical units, and a substantial
portion of their sales are to foreign governments. Typical payable
terms in the industry are payment with 30 days.
They recently reported the following financial information:
Sales
$225,000
Cost of sales
180,000
Inventory
33,000
Accounts receivable
72,000
Accounts payable
30,000
# of...
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